SWATCH

The world’s biggest watchmaker says it expects “very positive” growth in 2018 after net profit rose 28 percent in 2017, helped by an improvement in global demand for Swiss watches

Shares indicated up 2.9 percent.

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UBS

The Swiss bank is one of three European banks against whom the U.S. Justice Department and the country’s derivatives regulator said they had filed civil and criminal charges for alleged manipulation in U.S. futures and commodities market. The banks have paid a total of $46.6 million to settle the cases.

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JULIUS BAER

The private bank will announce on Wednesday that Bernhard Hodler, named as chief executive in November when Boris Collardi abruptly left, plans to remain in charge for years to come, the Financial Times reported, citing an unnamed person familiar with the matter.

COMPANY STATEMENTS

* Julius Baer said it will redeem all of the outstanding perpetual Tier 1 bonds issued on 18 September 2012 at par value on the first call date of 19 March 2018, in accordance with the terms of the bonds. The bonds were used to raise 250 million Swiss francs.